South Africa's Pepkor flags 20% drop in annual earnings as pandemic weighs
By 0923 GMT, the shares were down 2.8%.
Pepkor, majority owned by Steinhoff SNHJ.J also said it successfully concluded talks to refinance 5 billion rand ($300 million) of debt due for repayment in May 2021 and the debt is now repayable in September 2023.
In addition, a 1 billion rand bridge revolving credit facility originally due to expire in November 2021 has been extended to September 2023.
($1 = 16.6596 rand)
(Reporting by Tanisha Heiberg and Nqobile Dludla; editing by Jason Neely and Emelia Sithole-Matarise)
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